Bankers Bag...anyone ever actually buy one of these?

DesertRat

I got my Exxon/Mobil gasoline bill the other day and the advertisement on the return envelope this month is for a "Bankers Bag. The ad reads:

"You can own a Banker's Bag of over 100 old and rare coins. Imagine the excitement of discovering legendary U.S. coins that haven't been found in general circulation for decades!"

All coins are between 40 and 100 years old! You get over 100 coins for only $89.88! plus S&H

Each bag contains over 100 old and rare genuine U.S. coins including the rare Standing Liberty Quarter, Walking Liberty Half Dollar and Liberty Nickel. A variety of coins are struck in.900 Fine Silver! Includes certificate of authenticity. No two bags alike. Includes some of the most famous designs in American history. 30 day money back guarantee.

Get a deluxe bag of over 120 coins and be guaranteed to receive a Rare Morgan Silver Dollar for only $119.88 + S&H.!"

Ok so you get the picture. Anyone ever buy one of these grab bags??

fountainheadgold

Never bought one, but know it is a very bad deal, one would be better off buying from The coin hour on tv

Welcome to the Boards

Baley

you will receive exactly one of each of the non-wheat cent types that are "guaranteed", and the rest of the 100 coins will be wheat cents. All will be common dates, and the "better" type coins will be heavily worn.

The lot will be worth anywhere from one half to one third of what you pay.

DesertRat

I hadn't planned on buying it just thought it was amusing...wanted to see what the experts have to say.

WorkingMan

Sounds like at least 100 wheaties and a dozen common silver dimes to me...

Cam40

ever been to a coin shop where they have different boxes of coins by denomination?
those coins have almost always been searched over thoroughly and whats left is what
these grab bags contain. Basicly junk coins ,or starter coins for the coin newbie.

i think Baley is right about the expected value of these type of lots.

Steve355

But there might be some "steelies" in the bag !! Woo hoo !!!

Steve